Marcum Wealth LLC Buys 563 Shares of Fiserv, Inc. (NYSE:FI)

Marcum Wealth LLC lifted its stake in Fiserv, Inc. (NYSE:FI) by 30.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,413 shares of the business services provider’s stock after buying an additional 563 shares during the period. Marcum Wealth LLC’s holdings in Fiserv were worth $496,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC raised its stake in shares of Fiserv by 17.8% in the 3rd quarter. FMR LLC now owns 9,442,476 shares of the business services provider’s stock valued at $1,696,341,000 after buying an additional 1,427,664 shares in the last quarter. Legal & General Group Plc increased its stake in Fiserv by 1.9% in the second quarter. Legal & General Group Plc now owns 4,612,789 shares of the business services provider’s stock valued at $687,489,000 after acquiring an additional 85,598 shares during the period. Sanders Capital LLC acquired a new position in Fiserv in the third quarter worth about $764,543,000. Dimensional Fund Advisors LP lifted its stake in Fiserv by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,960,012 shares of the business services provider’s stock worth $441,173,000 after purchasing an additional 225,159 shares during the period. Finally, Blair William & Co. IL boosted its holdings in Fiserv by 2.5% during the second quarter. Blair William & Co. IL now owns 2,171,391 shares of the business services provider’s stock valued at $323,624,000 after purchasing an additional 52,748 shares in the last quarter. 90.98% of the stock is owned by institutional investors and hedge funds.

Fiserv Trading Up 1.5 %

FI opened at $204.56 on Wednesday. Fiserv, Inc. has a fifty-two week low of $135.97 and a fifty-two week high of $223.23. The company has a market cap of $116.38 billion, a price-to-earnings ratio of 39.34, a price-to-earnings-growth ratio of 1.56 and a beta of 0.94. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a 50 day simple moving average of $209.69 and a 200 day simple moving average of $186.07.

Fiserv (NYSE:FI) last issued its earnings results on Tuesday, October 22nd. The business services provider reported $2.30 EPS for the quarter, beating the consensus estimate of $2.26 by $0.04. Fiserv had a net margin of 15.22% and a return on equity of 17.10%. The company had revenue of $5.22 billion during the quarter, compared to analysts’ expectations of $4.90 billion. During the same quarter in the previous year, the company posted $1.96 EPS. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Fiserv, Inc. will post 8.77 earnings per share for the current year.

Wall Street Analyst Weigh In

FI has been the subject of several analyst reports. Robert W. Baird raised their target price on Fiserv from $186.00 to $200.00 and gave the stock an “outperform” rating in a research report on Monday, September 23rd. UBS Group lifted their price objective on Fiserv from $185.00 to $240.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Citigroup upped their target price on shares of Fiserv from $230.00 to $233.00 and gave the stock a “buy” rating in a report on Tuesday. TD Cowen lifted their price target on shares of Fiserv from $200.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Morgan Stanley upped their price objective on shares of Fiserv from $220.00 to $258.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $223.17.

Insider Buying and Selling at Fiserv

In other news, CAO Kenneth Best sold 20,821 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $214.61, for a total value of $4,468,394.81. Following the completion of the sale, the chief accounting officer now directly owns 38,771 shares of the company’s stock, valued at $8,320,644.31. This represents a 34.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Heidi Miller sold 30,000 shares of Fiserv stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $201.13, for a total transaction of $6,033,900.00. Following the transaction, the director now directly owns 33,235 shares in the company, valued at $6,684,555.55. The trade was a 47.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,821 shares of company stock valued at $18,581,095. 0.75% of the stock is currently owned by company insiders.

Fiserv Profile

Fiserv, Inc, together with its subsidiaries, provides payments and financial services technology services in the United States, Europe, the Middle East and Africa, Latin America, the Asia-Pacific, and internationally. It operates through Merchant Acceptance, Financial Technology, and Payments and Network segments.